Basic Features of Labuan Company

Labuan Offshore Company is available within 3 working days
No requirement of authorize capital and no nominal value of shares
Shareholders may either be individual or corporate
Share capital can be in any currency other than Ringgit Malaysia
There must be at least one director, which can either be corporate or individual.
The Director may be a non resident or resident of Malaysia. The LC may appoint an officer of a trust company to be a nominee resident of the Labuan Offshore Company.
Use of words "Limited, Corp, Pty Ltd, Bhd in the name (details as specified in the Labuan Companies Act 1990)
The LC must have a resident Company Secretary either individual or corporate which shall be appointed from the Trust Company.

The LC registered address is the address of the Trust Company.
A members meeting shall be held to receive accounts (either audited or unaudited) not more than 9 months from the date of closing the accounts.
Annual Return must be filed within 30 days before the date of the Company’s anniversary date of incorporation.
Annual Fee is payable on the anniversary date of incorporation to renew the registration of the Company for another 12 months.
Meetings can be held anywhere or by proxy
Preservation of confidentiality
Not subjected to the Malaysian exchange controls